Hey guys,
I’ve got an interesting new project to review today called Qravity, which is leveraging blockchain technology to offer a more rewarding experience for content creators, through their innovative content production and distribution platform.
Quick disclaimer: this project, like all I review, is new to the scene and is still under development so please always do your own research. Also remember this is my opinion and not financial advice; my content is for educational and entertainment purposes only.
Let’s jump in.
Qravity have a vision of making the content production and distribution process more fair, secure and open than it currently is. This will be achieved through their decentralized platform for content production and distribution where content creators and producers can collectively create digital content which they can easily monetise. This content could be in the form of music, e-books, apps, movies and so on.
The core aim of Qravity is to foster and improve the relationship between project founders and professionals, by helping them successfully solve the issues that currently hinder digital content projects.
The platform allows content creators to divide their projects into tasks; using blockchain-based smart contracts. Qravity tracks the progress of these projects and aids in the overall process, from automatically matching such projects with suitable production professionals, to helping with the distribution of the created content to consumers and wholesalers alike. Since the system is using a base layer of blockchain technology, transactions are carried out securely and transparently without hiccups or conflict regarding product distribution, profit sharing, and income.
BLOCKCHAIN BASED SOLUTION
Qravity has an inbuild mechanism which allows businesses to split their projects into various tasks, setting aside a specific portion of the project’s budget, in Qravity’s QPT token. Upon completion of each task, creators receive the QPT assigned to that particular task into their account.
After the project has been successfully completed, every purchase or rent of the resulting content generates revenue for the content creator and project founder as they are rewarded with a portion of the resulting revenue in QCO. Each project team member's share will correspond with the level of the individual's participation in the project. QCO holders can utilise their tokens to obtain content through the Qravity market. The platform primarily makes use of the Qravity QPT of keep track of project ownership and the Qravity QCO for monetary transactions.
SPECIAL FEATURES
• Minimized risk and maximized rewards, as creators are presented with the tools to be able to produce monetizable and premium quality projects on the platform.
• Fair royalty payment, which the platform achieves by issuing tokens based on the popularity and performance of a creator’s work.
• Project management with ease; the platform has a range of advanced project management tools to ensure effective content production, and that due process is followed by content developers.
TOKEN SALE DETAILS
The project will make use of a token called the Qravity Token with the symbol 'QCO.' There is a supply of 1 billion tokens, and during the token sale 1 ETH will equate to 5000 QCO (plus any bonus).
The token sale is currently live, and Qravity is offering tiered bonuses depending on the stage of the token sale at the time.
CONCLUSION
Qravity seeks to bring a new, decentralised approach to the content creation and distribution process. Content producers will be handed the tools to produce high quality and monetizable content in an effective manner. The issue of copyright will be mitigated to a large extent, and the traditional problems of financial barriers and middlemen will be significantly reduced. All of these factors combined will offer a more fair, secure, and effective environment for content creators. The platform’s approach and list of features will certainly be of great interest to many producers looking to overcome the hurdles of the traditional industry.
LINKS
Website: https://qravity.com/en/
White paper: https://qravity.com/en/whitepaper/
Telegram: http://t.me/QravityCom
My Bitcointalk account - datniccy97 -https://bitcointalk.org/index.php?action=profile;u=2099905
